European Biotech Is Specialty Pharma

Europe's investment environment has forced much of the biotech sector to morph into specialty pharma. The situation isn't likely to change fast. Executives had best adapt, rather than complain.

By Melanie Senior

Investors' calls for late-stage, lower-risk products and the promise of near-term revenues aren't new, either in European or US biotech. In Europe, however, having a revenue-generating arm has almost become...

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